NuScale enters milestone agreement with ENTRA1 for $35-55M per NPM for up to 72 modules

NUSCALE POWER Corp

NuScale LLC will contribute $35M-$55M per NPM to ENTRA1, with payments tied to commercial and development milestones for up to 72 NPMs.
Milestone payments: 15% on non-binding term sheet/LOI, 35% on binding PPA/offtake, 50% on OEM agreement for NPMs.
Initial term runs to Dec 31, 2045, auto-renewing for 20-year periods unless 12 months’ notice given.
NuScale Power Corporation guarantees NuScale LLC’s obligations under the PMA via a separate guaranty agreement.

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